- Fractionalized NFTs
- Strategic Partnership
- Unicly Protocol Technology
Unicly is positioned to host the inaugural NFT art collection created by Star Atlas titled “Re-Birth” before expanding fractionalized NFTs throughout the Star Atlas metaverse.
Re-Birth is a 14-week campaign that will reveal a new piece weekly and make it available for purchase across several marketplaces. Through this timeline, the Genesis and Lore of Star Atlas will be unveiled to the collectors for the very first time.
“Fractionalization provides a powerful vehicle for collectors to obtain exposure to countless pieces of digital art that would otherwise be out of reach for many. Through this partnership, the entire Re-Birth collection will be accessible to anyone with a passion for Star Atlas,” said Michael Wagner, CFA, co-founder & CEO of Star Atlas.
A New Form of Ownership: Fractionalized NFTs
The high cost of many NFTs makes it increasingly difficult for casual fans to participate in this growing marketplace. Yet, the answer isn’t lowering the bidding price of NFTs, but rather diversifying with a new form of ownership.
Similar to stacking Satoshis, fractionalized NFTs will allow buyers to purchase a portion of a single piece or the full collection of artwork.
When Re-Birth launches, collectors will have the opportunity to buy a fractional portion of the collection, rather than being forced to acquire all 14 pieces as a whole.
Star Atlas and Unicly Tokenonomics
Re-Birth will also be accompanied by its own Star Atlas-branded fractionalized token. Token holders will be able to manage the collection, meaning if one holder believes the total value of the bids is high enough for the collection, they can stake their tokens and unlock the fractionalized NFTs. The more holders that stake, the faster they can redeem tokens for a portion of the NFT auction proceeds. Additionally, Star Atlas NFT holders will be able to farm UNIC, Unicly’s governance token, over time.
“Star Atlas is creating its own economic structure, social community, and gaming metaverse fully accessible to all. Unicly is helping our team realize this vision by breaking down economic barriers to investing through fractionalization. They’re not just a partner; they represent the first way of creating value for users for a fully functional metaverse,” said Pablo Quiroga, Star Atlas co-founder, and COO.
The Future of Star Atlas and Unicly
While Unicly has worked with a variety of other projects including Animoca Brands, this will be the first time in which a gaming metaverse will utilize not only Unicly’s technology but the concept of fractionalized NFTs.
Following the debut of Re-Birth, Unicly’s developers will continue to work with the Star Atlas team to develop a technical integration to bring Unicly’s tech into the metaverse in a broader capacity. Not every in-game NFT will be fractionalized, but Unicly and Star Atlas will work in tandem to create additional valuable and rare collections of in-game items.
About Star Atlas
Star Atlas is a virtual gaming metaverse emerging from the confluence of state-of-the-art blockchain, real-time graphics, multiplayer video-game, and decentralized financial technologies.
Real-time graphics technology using Unreal Engine 5’s Nanite allows for cinematic-quality visuals. Blockchain technology using the Solana protocol established a largely serverless and secured gameplay experience. NFTs obtained and traded within Star Atlas create an economy that replicates the tangibility of real-world assets and ownership. To learn more, please visit staratlas.com.